Which of the following is the correct profit equation?
A)Total sales - total variable costs
B)Total sales - total fixed costs
C)Total sales - total variable costs - total fixed costs
D)Total sales - total variable costs + total fixed costs
E)None of the answer choices is correct.

Question

Quizplus · Accepted Answer

The correct profit equation is total sales minus total variable costs minus total fixed costs, which gives the net profit.

Which of the Following Is the Correct Profit Equation